Land ownership eased in Bulgaria

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2006-12-18

Land ownership eased in Bulgaria

Рубрика: General news Източник: EU citizens who are not permanently resident in Bulgaria will still be restricted in acquiring land for a second residence, implying eased access for those who are permanently resident.
Conditions set out in line with Bulgaria's EU accession treaty will govern the acquisition of agricultural land that, if complied with, could enable EU citizens to benefit immediately after accession from the lifting of restrictions on the purchase of farmland, BTA said.

In a written explanation of the changes to the legislation, the Cabinet said that the revisions brought Bulgarian law into line with the constitutional amendments adopted in 2005 and were within the context of honouring Bulgaria's commitments to ensure free movement of capital as provided for in EU treaties.